Is it fixable? - Page 5 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

ALB · 08-08-2014, 09:59 PM

I think right now the important question is: Will you buy another FR-S? RS1.0 maybe? That seriously crossed my mind when mine was hit.

FRS Dad · 08-08-2014, 11:07 PM

Quote:

Originally Posted by BrewCity-FR-S

UPDATE:

Thank you all for your feedback!

Car is a total loss, since the airbag deployed then all the airbags + seatbelts + sensors need to be replaced. Cost of repairs came out to $15,000

Insurance wants to offer me $20,759 for the car....do you guys think that is a fair price? Car is a 2013 for 14,800 miles on it.

It sounds very fair, but if you're not sure, ask for a copy of the valuation report and verify they have the right info. You can also ask for loss of use from the date of the accident through the date of the settlement offer (if they don't already have you in a rental).

paulca · 08-09-2014, 05:08 AM

Just out of principle I would reject the first offer. They might raise it a little.

VeezyF · 08-09-2014, 05:17 PM

i bet they will salvage it.

FRS Dad · 08-09-2014, 05:36 PM

Quote:

Originally Posted by VeezyF

i bet they will salvage it.

Totalled cars are always sold as salvage (unless they're a "basket case"...total burns etc.) The carrier will either send them individually to a salvage auction, or they'll have a flat percentage agreement with a national salvage broker (10% of ACV is common)

The insurance company's salvage recovery money is part of the total loss analysis that works in favor of totalling the car.

VeezyF · 08-09-2014, 06:26 PM

Quote:

Originally Posted by FRS Dad

Totalled cars are always sold as salvage (unless they're a "basket case"...total burns etc.) The carrier will either send them individually to a salvage auction, or they'll have a flat percentage agreement with a national salvage broker (10% of ACV is common)

The insurance company's salvage recovery money is part of the total loss analysis that works in favor of totalling the car.

duh hence me saying i bet they will.

VeezyF · 08-09-2014, 06:28 PM

Quote:

Originally Posted by BrewCity-FR-S

UPDATE:

Thank you all for your feedback!

Car is a total loss, since the airbag deployed then all the airbags + seatbelts + sensors need to be replaced. Cost of repairs came out to $15,000

Insurance wants to offer me $20,759 for the car....do you guys think that is a fair price? Car is a 2013 for 14,800 miles on it.

don't settle -- try and get a tad more... unless it's barebones stock, no added options ... how much did you pay for it?

-AP- · 08-09-2014, 07:46 PM

You're pretty lucky. Several companies would have repaired it at 75% of ACV..
So,
1.) they got a good salvage bid
2.) Regulation dictates % total loss threshold
3.) Their company guidelines dictate process flow

If there are special attributes to your vehicle that would bring the ACV up, and the dollars added made it repairable, I would force the vehicle to be repaired. It's their right to do so. If the offer is reasonable I would take it. Most 3rd party venders such as CCC and Audatex provide pretty fair values that are statistically accurate based on demographics.

JMO...

Pat.Thornton · 08-10-2014, 03:06 PM

Looks like it's time for an frs missle car

Sent from my iPhone using Tapatalk

FRS Dad · 08-10-2014, 05:21 PM

Regarding ACV, it's not really about negotiation as it is about documentation. We used Certified Collateral (CCC) as a source for ACV. I was open to a higher valuation if the owner could document it. I'd usually suggest they look on Auto Trader for similarly equipped cars in similar condition in the same market and if we were off I could add the documentation to the file and justify paying over CCC.

You can also agree to be bound by an independent appraisal by a 3rd party but that cuts both ways in that if the independent valuation is less than the original offer, you're stuck with it.

BrewCity-FR-S · 08-13-2014, 10:25 PM

Sad to say that I have decided to not go with another FR-S so I am parting out with many things. PM me if interested and I will get back to you as soon as possible.

Prices DO NOT include shipping

1. Center Armrest - $175 - http://imgur.com/FA3pqH6
2. Frame-less rear view mirror - $115 - http://imgur.com/kPosQjs
3. Rear LED turn signals - $30 - http://imgur.com/KwD3Kdh
4. LED DRL Bulbs - $45 - http://imgur.com/4RcIvtI
5. LED Strip DRL (fog light bezel) - $115 - http://imgur.com/C3qfkCC
6. HID Lights 6k - $115
7. Switchback LED turn signals - $25 http://imgur.com/Kjnkbw3
8. Raven Black Sharkfin - $45 - http://imgur.com/OvVsVat

08-09-2014, 05:08 AM	#59
paulca Senior Member Join Date: May 2014 Drives: Toyota GT86 Coupe Red (UK) Location: United Kingdom Posts: 554 Thanks: 20 Thanked 291 Times in 171 Posts Mentioned: 6 Post(s)	Just out of principle I would reject the first offer. They might raise it a little. __________________ Trunk = Boot \| Hood = Bonnet \| Sidewalk = Pavement \| Transmission = Gearbox \| Stick/shifter = Gear knob/stick \| E-brake = handbrake \| Windshield = Windscreen \| Turn signal = Indicator

08-09-2014, 07:46 PM	#64
-AP- Member Join Date: Dec 2013 Drives: 2014-White Out Monogram Location: Gilbert, Arizona Posts: 82 Thanks: 105 Thanked 57 Times in 31 Posts Mentioned: 3 Post(s)	You're pretty lucky. Several companies would have repaired it at 75% of ACV.. So, 1.) they got a good salvage bid 2.) Regulation dictates % total loss threshold 3.) Their company guidelines dictate process flow If there are special attributes to your vehicle that would bring the ACV up, and the dollars added made it repairable, I would force the vehicle to be repaired. It's their right to do so. If the offer is reasonable I would take it. Most 3rd party venders such as CCC and Audatex provide pretty fair values that are statistically accurate based on demographics. JMO... __________________

08-13-2014, 10:25 PM	#67
BrewCity-FR-S Senior Member Join Date: Aug 2012 Drives: 2013 Raven FR-S Location: Milwaukee, WI Posts: 107 Thanks: 1 Thanked 20 Times in 16 Posts Mentioned: 0 Post(s)	Sad to say that I have decided to not go with another FR-S so I am parting out with many things. PM me if interested and I will get back to you as soon as possible. Prices DO NOT include shipping 1. Center Armrest - $175 - http://imgur.com/FA3pqH6 2. Frame-less rear view mirror - $115 - http://imgur.com/kPosQjs 3. Rear LED turn signals - $30 - http://imgur.com/KwD3Kdh 4. LED DRL Bulbs - $45 - http://imgur.com/4RcIvtI 5. LED Strip DRL (fog light bezel) - $115 - http://imgur.com/C3qfkCC 6. HID Lights 6k - $115 7. Switchback LED turn signals - $25 http://imgur.com/Kjnkbw3 8. Raven Black Sharkfin - $45 - http://imgur.com/OvVsVat Last edited by BrewCity-FR-S; 08-14-2014 at 07:21 PM. Reason: Added picture links

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08-08-2014, 09:59 PM	#57
ALB Member Join Date: Jul 2014 Drives: 2013 FR-S Location: Raleigh, NC Posts: 91 Thanks: 67 Thanked 39 Times in 26 Posts Mentioned: 1 Post(s)	I think right now the important question is: Will you buy another FR-S? RS1.0 maybe? That seriously crossed my mind when mine was hit.

08-09-2014, 05:17 PM	#60
VeezyF Member Join Date: Mar 2014 Drives: Scion FR-S Location: Palm Beach Posts: 63 Thanks: 25 Thanked 1 Time in 1 Post Mentioned: 0 Post(s)	i bet they will salvage it.

08-10-2014, 03:06 PM	#65
Pat.Thornton Member Join Date: Mar 2014 Drives: 2014' 86 Location: Philadelphia, Pennsylvania Posts: 97 Thanks: 723 Thanked 82 Times in 45 Posts Mentioned: 11 Post(s)	Looks like it's time for an frs missle car Sent from my iPhone using Tapatalk

08-10-2014, 05:21 PM	#66
FRS Dad Member Join Date: Aug 2014 Drives: 2015 FRS Location: Gainesville Posts: 83 Thanks: 2 Thanked 46 Times in 20 Posts Mentioned: 1 Post(s)	Regarding ACV, it's not really about negotiation as it is about documentation. We used Certified Collateral (CCC) as a source for ACV. I was open to a higher valuation if the owner could document it. I'd usually suggest they look on Auto Trader for similarly equipped cars in similar condition in the same market and if we were off I could add the documentation to the file and justify paying over CCC. You can also agree to be bound by an independent appraisal by a 3rd party but that cuts both ways in that if the independent valuation is less than the original offer, you're stuck with it.

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